The existence of internal systems for monitoring and controlling interest-rate risks on all business of institutions is a particularly important way of minimising such risks. Consequently, such systems should be supervised by the competent authorities.
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New version applies from 07/12/2009 — introduced by Directive 2009/111/EC (CRD).
52 provisions change.
Later versions: 04/01/2011, 01/01/2014.
Recital 23 changes in this version: compare with the current text.